Recent studies of job tenure raise the question of the appropriate duration statistic to use in historical research. This article compares duration measures and examines their empirical and theoretical implications for historical research on employment tenure. Using a variety of data from the...

This paper develops a constant, data-coherent, error correction model for broad money demand (M3) in Greece. The model contributes to a better understanding of the effects of monetary policy in Greece, and of the portfolio consequences of financial innovation in general. The broad monetary...

Policymakers often express concern that herding by financial market participants destabilizes markets and increases the fragility of the financial system. This paper provides an overview of the recent theoretical and empirical research on herd behavior in financial markets. It addresses the...